House debates

Thursday, 3 December 2020

Questions without Notice

COVID-19: Income Support Payments

2:01 pm

Photo of Stuart RobertStuart Robert (Fadden, Liberal Party, Minister for the National Disability Insurance Scheme) Share this | Hansard source

The liquid assets waiting period applies to all cash held by Australians, regardless of source, because it deals with liquid assets. The new maximum 26-week period will only apply to single people with no dependent children with total liquid assets of $18,000 or more, or $36,000 or more for all claimants, noting that it will not actually apply to 95 to 97 per cent of Australians, regardless of the form of liquid asset, which excludes their house or their car.

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